|
2� 17� 17�9
<br /> The Funds shai!be he�d in an i�stitutian�vhc�se deposits are insured by a federal agency,�nstrumentality,
<br /> or e,�tit�y(including Lender, if Lender is an institution whose deposits are so insured}or in any Federal
<br /> Hame Laan Banl�. Lender shail apply the I`unds to pay the Escr�t�Items no later than the t�me specified
<br /> undcr RE�PA. Lend�r sha11 n�t chargc BQrrowcr f�r holding and applying the Fund�,anr��ally a�.alyzing
<br /> the escrow ac;count,or�erifyin�the Escro�v Items,unl�ss Le�der pays Borrower int�re5t�n the Fun.ds
<br /> and Applicab��Law permits Lend�r ro make such a charge. Unl�ss an agreement is made in writing or
<br /> App�icable Law requires�nterest t+a be paid on th�Funds,�.ender shaYl not be requirec�to pay BorrQwer
<br /> any�nterest ar earnings on the Funds. Borrow�r and Lender can agre�in writing,however,that interest
<br /> shal�be paYd on the Funds. Lender sha�l gi�e to F3�rrower,without�:harge,an annua�accou�ting of the
<br /> Fun�s as reyuired by RESPA.
<br /> If thcr�rs a surplus of Funds�ie1d ir�cscro�,as d�f�ned�under RESPA,Lender sha11 a��ount to Bt�rr�w�r
<br /> for the e�cess funds in accorclan�e�ith�ESP�. �f there is a s�ortage of�'�nds he�d in escrow,as de�ined
<br /> under�E�PA,Lender sha11 nQtif�Borra�ver as required b}�RESPA,and�orrower shal.l pay to Lender
<br /> the amount nece�sary to ma��up the s�artage in�.ccordance v�i�h R'�SPA,but in na rnore than 1�
<br /> monthiy paym�nts.If ther��s a def����cy of Fun�s held in escrov�,as de���d under RESPA,L�nd�r
<br /> sha�l n�tify Borrower as req�.�ired�y RESPA,�.n�i B�rro�er��hall pay to Lenc�er the arrxoun�ne�e�sar�to
<br /> make up the de�ciency in accordance��th I�ESPA,�but in r�a mare than ��monthly payments.
<br /> Upon payment in ful�of a�l sums secured by this Security Instrument,Lender shall promptly refund ta
<br /> �orrower any Funds held by Lend�r.
<br /> 4. �harges;Liens.�3�rr�wer s�ia�1 pa�r a11 taxes, assessrnents,charges, fines, and impositions attributable
<br /> to the Property which ean at�a.in pri�r�ty�ver this Securit��nstrum�ent,�e�.seho�d paymen�s or gr�und
<br /> rents on th�Prop�rty,if any,and Community A.ssflciation�]ues,Fees,and Assessm�nts,if any.Ta the
<br /> extent that th��e iterns ar� E�cr�w�tems, �3onrower shal�pa�thern in the rrlanner pro�ided in S��tion 3.
<br /> Borrower shall pror�p���r dis�harge an�lien�vhich has priority o�er this Se�urity Instrument un�ess
<br /> BQrrower: �a}agrces in v�-iting to�hc paytnent�f the ob�igat�on sccured by the��cn.in a manner
<br /> accepta�ale to Lender,but oniy so Iong as Borr�w�r is performing such agreement; (b}�ontests�he lien in
<br /> gaod fa��h by,or defends against enfarcement af the�ien in, �egal proceedings which in Lender's opinion
<br /> operate to prevent the enforcement of the lien while those proceed�ngs are pendin�,but only until such
<br /> pr�ceedings are cancluded;ar�c}secures from t��holder of the[�en an agreern�nt sati.sfactary t�Lender
<br /> st�bordinating the lien�o this Securify Ins�rument. If Lender de�ermines that a.ny part o#'the Prc�perty xs
<br /> subjec�t to a lien which can attain pri�rity over this 5ecurity Instrf�ment,Lend�r ma�gi�e Borrower a
<br /> notice identifying the�ien, �Vithin 1 Q days�f the date on which that notice�s given,Barro�er shall
<br /> satisfy thc�icn ar take one or more of the ac�ions set forkh abQ�e xn t�his Secti�n 4.
<br /> 5. Praperty Insurance.F3orro�uer shall keep the impra�ements now existing or herea#�er erected on the
<br /> Property in�ured again�t�oss�y fir�,h�zards included�vithin the�erm"extendee�coverage,"and any
<br /> ather hazard�inc�ud�ng,but not iimited to,earthqu�.kes and floods,for t�h�ch Le�.der requires insurance,
<br /> Thzs insuranc�shall be maintai�ed in the am,ou�ts�inc�uding deduct�b�e l�vets}and for�he periods that
<br /> Lender requ�res. �Vhat Lender requires pursuant to the p�ec�ding sentence�can change during the term of
<br /> the Loan. The insurance carrier prov�din�th�insuran�e shall be chosen�y Ba�rower subj ect to Lend�r's
<br /> right to d�sapprove Borrawer's c�oicc,whi�h righ�sha�l not be exercised unreasanably. Lend�r may
<br /> require Barrower to pay,in connection with this Loan,either; �a}a.one-time cha.rge far flood zane
<br /> determi�aat��n,certif cation and tra�king s�rvices;or�b�a one-trme ch�.rge for flood�one de�ermination
<br /> and c�rtificatiar�services and�ubsequent charg�s each time r��ma pings or s�n�itar change�occur�hich
<br /> FHA Deed of Te�rst With MERS-NE �13a12Di4
<br /> Bankers SystemsT�+ VMP C� VMR4N�NE}{i5t�fi}.a�
<br /> Wviter;s Kiuwer Financiai ServFces P�ge�r�f 17
<br /> q03373�19893 0�33 3l 0617
<br />
|